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Info Drive Software Ltd.

BSE: 530703 | NSE: INFODRIVE | Series: NA | ISIN: INE804D01029 | SECTOR: Computers - Software Medium & Small

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Info Drive Software is not traded on BSE in the last 30 days

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Info Drive Software is not traded on NSE in the last 30 days
Company History - Info Drive Software
HISTORY AND BUSINESS OF THE COMPANY
 
 info-drive was started in Sept'85 as a proprietary concern
 by Mr. K. Shivakumar. Later, on 16-03-88 it was
 incorporated as a private limited company under the name
 info-drive Computers Private Limited. On 28-11-94 it was
 converted into a public limited company.  The name of the
 company was changed to lnfo-drive Software Limited vide
 resolution dated 4th January 1995 and Fresh certificate for
 change of name was obtained on 31st January 1995. Since it
 is a Private Limited Company which has been converted into
 a Public Limited Company,no certificate of commencement
 of business is needed.
 
 PRESENT BUSINESS OF THE COMPANY
 
 The company is engaged in development and designing
 software packages and imparting training in computers.
 Company has presently 8 training centres of which 5 centres
 are under franchise.  The company has developed 12 software
 packages on varied fields and on the training front the
 company has trained over 12,000 students in the past nine
 years. The company is engaged in development and designing
 software packages and imparting training in computers.
 
 On the software front the Company had developed several
 Application packages for companies like Eagle press, Abbott
 laboratories, Arvind enterprises and a part of Butterfly
 group of industries.  Further it has developed readymade
 package on graphics and animations like Classmate Series
 Physics for school students. This package caters to the 6th
 and 7th standard school students. It is mainly on the
 concepts of basic physics, explained in a simple and
 interesting manner with illustrations and animations.How
 does a pc work is a a general pc based graphics and
 animation product.  This package explains in detail, right
 from switching on the computer, how it actually works.
 Further technical workings of the computer are also
 explained with illustrations and animation which would help
 the user to understand the total working of the computer.
 Apart from the mother board, peripherals like printers, are
 also covered. It has also developed Info-safe a data
 security software. This package encrypts data and stores in
 the floppy in an encrypted manner. The user therefore has
 to access only through the password which again decrypts
 the data into readable format.  This package is quite
 useful in maintaining personal documents. info-guard a
 copy protection software, helps the user to protect
 valuable software from being copied.
 
 On the training side, the company conducts courses on
 programming languages like Basic, Cobol, Fortran, Pascal,
 C, Assembly.  Training is also conducted on Application
 Packages like Database, Spreadsheets and Word processing.
 Another area where the company is conducting courses is on
 the hardware side. In this course the student is taught
 right from basic electronics to chip level servicing.
 Students are also given in-house and on-site training.
 
 Company had developed several Application packages for the
 business organisations like Eagle press, Abbott
 laboratories, Arvind enterprises and a part of Butterfly
 group of industries.
 
 The details of the software packages that are already
 completed are:
 
 1.	How does a pc work
 
 This is a general pc based graphics and animation product.
 This package explains in detail, right from switching on
 the computer, how it actually works. Further units
 technical workings of the computer are also explained with
 illustrations and animation. It explains the basics of a
 computer (architecture, fundamental units, operating units
 systems) and also explains in detail all parts used in a
 computer. for e.g. the working system of the mother board,
 peripherals like printers, are also explained.
 
 2.	Classmate series (educational package)
 
 this package caters to the 6th and 7th standard school
 students. it is mainly on the concepts of basic physics,
 explained in a simple and interesting manner with
 illustrations and animations. The package deals with each
 chapter and explains by computer graphics, the units
 otherwise difficult concepts. The entire package is
 contained in 4 floppy diskettes. In less than an hour one
 can go through the entire series.
 
 3.	Infosafe (data security software)
 
 This package encrypts data and stores in the floppy in an
 encrypted manner. (it uses advanced encryption algorithm to
 prevent access to protected files).  It offers its users
 very sophisticated on-line encryption techniques which can
 be implemented easily. The user therefore has to access
 only through the password which again decrypts the data
 into readable format. This helps in keeping the information
 confidential, in preventing misuse, theft, unauthorised
 access. It is available as two utilities, as a stand alone
 module and as a set of function calls for incorporating in
 various languages.
 
 4.	Infoguard (copy protection software),
 
 This software prevents unauthorised copying of computer
 files. The method adopted here is that of using laser
 protection concept wherein the laser technology will make
 the copying of the files difficult.
 
 5.	Infoacc ( accounting software),
 
 It helps in maintaining Journal, Ledger, Trial Balance,
 Profit & Loss account and Balance Sheet. The accounting
 aspects in the company using these packages can be done
 very efficiently and accurately. Data entry made in the
 journal will automatically update the ledgers, Trial
 balance, Profit and Loss account and Balance Sheet.
 
 The company has developed Seven client specific application
 packages as detailed below:
 
 FOR BUTTERFLY GROUP
 
 6.	payroll package,
 
 7.	inventory control,
 
 FOR ARVIND ENTERPRISES
 
 8.	payroll package
 
 FOR EAGLE PRESS
 
 9.	accounting package,
 
 10. invoicing package,
 
 11. inventory package,	
 
 FOR ABBOTT LABORATORIES
 
 12. Invoicing and inventory package
 
 On the training side, the company conducts courses on
 programming languages like Basic, Cobol, Fortran, Pascal,
 C, Assembly.  Training is also conducted on Application
 Packages like Database, Spreadsheets and Word processing.
 Another area where the company is conducting courses is on
 the hardware side. In this course the student is taught
 right from basic electronics to chip level servicing.
 Students are also given in-house and on-site training.
 
 Main Objects Of The Company
 
 The main objects to be pursued by the company on its
 incorporation as set out in the Memorandum of Association
 are: 
 
 1. To design, manufacture, import, export, buy, sell,
 install, maintain and deal in any kind of personal
 computers, mini computers and macro computers.
 
 2. To design, manufacture, import, export, buy, sell,
 install, maintain and deal in any kind of computer
 peripherals and consumables including key board, printer
 floppy diskettes etc.
 
 3. To act as consultants and render technical and
 professional services in the field of systems and software
 development including developing and trading in common
 software packages and tailor made software packages.  
 
 4. To set up laboratories, purchase and acquire any
 equipment and instruments for carrying out research for
 both computer hardware and software development and to
 assist quality control.
 
 5. To set up training centre to educate and train students
 and people in the field of computer programming languages
 and to grant such diplomas or recognitions as the company
 may prescribe from time to time.
 
 6. To set up a centre for processing data of Business and
 Commercial establishments and other establishments.  
 
 7. To set up a Data Bank for trading Management and
 statistical information to Commercial and other
 establishments,
 
 8. To set up a centre for rendering maintenance and service
 for both computer hardware and software and to train
 personnel for this purpose. 
 
 2007
 
 -The company has issued rights in the ratio of 4:1 at a premium of
 Rs.2/- Per Share.
 
 -Company has informed the E-mail ID for Investor grievance is as
 follows:
 
 E-mail: investorcell@infodriveservices.com
 
 2009
 
 -The Directors have recommended a Dividend of 5% [Re 0.50 paise per
 Share]
 
 2010
 
 -InfoDrivSoft - Acquisition of Subsidiary in Mauritius         
 
 2012
 
 -InfoDrivSoft - Formation of New Subsidiary     
 
 -Mr. Navamani V. Dhanasingh is appointed as an Additional Director
 and Chief Executive Officer of the Company with effect from December
 01, 2012.
 
 -MOU between Info-Drive Software Limited and Intelligent Interactive
 E-commerce Technologies Limited
 
 2013
 
 -Award of Tender in favour of the Company for supply and installation
 of Web Based Solution for Employees Cooperative Credit Society
 management for Employees Cooperative Thrift & Credit Societies of
 Chennai Region
 
 2014
 
 -Info-Drive Softw - MoU entered with Fincore Technologies Private
 Limited
 
 -Mr. N. Viswanathan as an Independent Director of the Company with
 effect from 11th July 2014
 
 -Info-Drive Software has splits its face value from Rs 10/- to 1/-